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The My Lai Massacre: A Crime of Obedience? (from Crimes of Obedience: Toward a Social Psychology of Authority and Responsibility) HERBERT
-Kelman and Hamilton call the killings at My Lai:
Downsloping Demand Curves
A graph that illustrates the inverse relationship between the price of a good and the quantity demanded by consumers; as price decreases, the quantity demanded increases.
Inelastic Segment
Part of a demand curve where the quantity demanded changes very little with a change in price, indicating consumers' relative insensitivity to price changes.
Maximum Profits
The highest possible financial gain that a company can achieve in a given period while accounting for all costs and expenses.
Nondiscriminating Monopolist
A monopolist who charges all consumers the same price for a good or service, regardless of the demand or cost conditions.
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